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R. Ilangovan

Salem , Oct 31

A TOUGH restructuring plan besides initiating technological upgradation and capacity expansion enabled SAIL to turn around and post net profit of Rs 6,817 crore in 2004-05 from the net loss of Rs 1,574 crore during 1998-1999, according to the SAIL Salem Steel Plant's Executive Director, Mr M. Roy.

Inaugurating the `Business Line Club' at the Periyar Institute of Management Studies (PRIMS) of Periyar University, Mr Roy said that this turnaround could be achieved by identifying and removing the "weak areas" in the company. He was speaking on `Management of Public Sector Steel Plants'. Presiding over the function, the University Vice-Chancellor, Mr T. Balakrishnan, welcomed the concept of `Business Line Club', which he said would not only bridge the gap between the industry and an institution, but enrich the knowledge of the students of management.

Mr N. Rajendhiran, Director of PRIMS, Mr V. Srikanthan, Regional General Manager (Trichy) of The Hindu, and the PRIMS lecturer, Mr P. Thirumoorthi, were also present at the function.

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